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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 26.96+1.1%5:20 PM EDTNews

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To: The Ox who wrote (398)10/3/2013 6:31:56 PM
From: Elroy of 613
 
I was surprised when they pre-announced Q1 revenues which were exactly in line - why the pre-announcement. Their IR guy said that they did it to reduce share price volatility around the release date and they would do it going forward. The previous pre-announcement policy is that they would pre-announce downside, but not in line or upside. So you knew if they didn't pre-announce they would be at least in line. So the lack of a pre-announcement for Q3 makes me pretty confident that Q3 won't be a miss.

The big news in Q3 and Q4 results will be resumption of LTE transceever sales (or not) and major design wins for SATA-3 controllers (or not). The rest of the business should hum along smoothly. So the good news should be good guidance, not actual revenues.
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